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Bought a quarter during the Binance listing at the price of $45 and it's not gone below that amount.
80% of the coins are still being held by a Big whale which I am guessing is either Donald Trump or his associate.
This simply responds to the law of supply, the fewer the coins, the more scarcity and high price, hence what we are seeing.
However, taking the fact that not all coins are in circulation translates to a market manipulation. So the market makers can easily influence price increase and dips. Take note of the dips but be merry for tomorrow we feast 💰💰💰, a bearish turn can come tomorrow evening or early hours of the next day.